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Archies Gains 6%; BSE FMCG Index Down 0.1%
Tue, 1 Oct 9:33

Archies Gains 6%; BSE FMCG Index Down 0.1%Image source: hudiemm/www.istockphoto.com

Archies share price has zoomed 6% and is presently trading at Rs 34.4.

Meanwhile, the BSE FMCG index is at 23,761.9 (down 0.1%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and JYOTHY LABS (up 1.1%).

GODREJ AGROVET (down 2.6%) and Godfrey Phillips (down 1.1%) are among the top losers today.

Over the last one year, Archies has moved up from Rs 25.2 to Rs 34.4, registering a gain of Rs 9.3 (up 36.8%).

On the other hand, the BSE FMCG index has moved up from 18,912.2 to 23,761.9, registering a gain of 25.6% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 230.9%), BOM.BURMAH (up 135.4%) and Colgate (up 84.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,580.3 (up 0.3%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.3%) and L&T (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,580.3, registering a gain of 18,461.6 points (up 27.9%).

Archies Financial Update...

Archies net profit grew 25.7% YoY to Rs -10 million for the quarter ended June 2024, compared to a loss of Rs 14 million a year ago. Net sales declined 10.9% to Rs 134 million during the period as against Rs 150 million in April-June 2023.

For the year ended March 2023, Archies reported 191.6% increase in net profit to Rs 24 million compared to net loss of Rs 26 million during FY22. Revenue of the company grew 11.5% to Rs 860 million during FY23.

The current Price to earnings ratio of Archies, based on rolling 12 month earnings, stands at -14.8.

Archives


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